Zane plans to visit Los Angeles for a week. His share of the hotel room with friends is about $250 (about the same he pays for a week of rent at home), $220 for food and drink (about the same as he pays for a week when home). He is a part time employee with no vacation benefits so will not get his usual $500 weekly wage. Based on this information, what is Craig's total opportunity cost if he goes on vacation

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.